SPA ETFs, the pioneering second generation Exchange Traded Funds (ETFs) provider, today announced that SPA MarketGrader ETFs will begin trading on the NYSE Arca listing and trading platform, effective November 13, 2008.
The SPA MarketGrader ETFs will stop trading on the NYSE Alternext US LLC (formerly the American Stock Exchange) on Wednesday, November 12, 2008 at market close and begin trading on NYSE Arca the following morning. Current shareholders are not required to take any actions as a result of this change.
“We are pleased to complete the transition to Arca and look forward to partnering with NYSE,” said Daniel Freedman, Managing Director of SPA ETFs, Inc.
SPA MarketGrader ETFs to list on NYSE Arca are:
- SPA ETF MarketGrader 40 (SFV)
- SPA ETF MarketGrader 100 (SIH)
- SPA ETF MarketGrader 200 (SNB)
- SPA ETF MarketGrader Small Cap 100 (SSK)
- SPA ETF MarketGrader Mid Cap 100 (SVD)
- SPA ETF MarketGrader Large Cap 100 (SZG)
The MarketGrader indices are equal weighted and composed of U.S.- traded stocks, including American depositary receipts ("ADRs"), rebalanced semi-annually (quarterly for the MG 40 Index) and determined by a proprietary system developed by MarketGrader.com Corporation ("MarketGrader" or the "Index Provider", with such system being the "MarketGrader System"). The MG Small, Mid and Large Cap Indices became publicly available on April 27, 2007. The MG 40 Index became publicly available on May 1, 2003 while the MG 100 and 200 Indices became publicly available on March 15, 2007. The Index Provider is not affiliated with the Fund, the Investment Adviser or the Sub-Adviser. One cannot invest directly in an index.
Investments in the Funds are subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of their respective Index, known as non-correlation risk, due to operating expenses incurred by the Fund. The Funds may invest in foreign securities which involve certain risks and increased volatility not associated with investing solely in the U.S. These risks include currency fluctuations, economic or financial instability, and lack of timely or reliable financial information. The Funds may also invest in small and medium sized companies which involve greater risk than is customarily associated with investing in more established companies.
Before investing you should carefully consider the Funds’ investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds’ website at www.spa-etf.com.Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.
About SPA ETFs
SPA ETFs Inc. is an innovative, independent specialist provider of Exchange Traded Funds (ETFs) established to offer global, private and institutional investors access to ETFs tracking fundamental US focused indices. SPA ETFs Inc., investment adviser to the US domiciled SPA ETFs, is affiliated with London & Capital, an independent firm of investment advisors and fund managers, with services including investment expertise, research, quantitative analysis and regulatory authorizations. London & Capital has $3.5 billion assets under management. Additional information is available at www.spa-etf.com.
Contacts:
Megan Sullivan, 646-233-1682
megan.sullivan@spa-etf.com
